Tuniu (NASDAQ:TOUR) Stock Passes Below 200-Day Moving Average – What’s Next?

Tuniu Corporation (NASDAQ:TOUR) passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $0.79 and traded as low as $0.62. Tuniu shares last traded at $0.6226, with a volume of 39,652 shares changing hands.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Tuniu in a research report on Monday, December 29th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, Tuniu presently has an average rating of “Sell”.

Tuniu Stock Up 0.4%

The company has a market cap of $72.88 million, a PE ratio of 31.15 and a beta of 0.58. The firm has a 50 day simple moving average of $0.69 and a 200-day simple moving average of $0.79.

Tuniu (NASDAQ:TOUR) last released its quarterly earnings results on Friday, December 5th. The technology company reported $0.03 earnings per share for the quarter. Tuniu had a net margin of 1.09% and a return on equity of 3.41%. The business had revenue of $28.38 million for the quarter.

Hedge Funds Weigh In On Tuniu

An institutional investor recently raised its position in Tuniu stock. Acadian Asset Management LLC boosted its holdings in shares of Tuniu Corporation (NASDAQ:TOUR) by 123.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 103,781 shares of the technology company’s stock after buying an additional 57,358 shares during the period. Acadian Asset Management LLC owned approximately 0.09% of Tuniu worth $112,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Tuniu Company Profile

Tuniu International Limited is a China-based online leisure travel company that operates a comprehensive travel services platform under the brand name Tuniu (NASDAQ: TOUR). Headquartered in Nanjing, the company was founded in 2006 and was incorporated in the Cayman Islands in May 2010. Tuniu completed its initial public offering on the Nasdaq Stock Market in December 2014, positioning itself to expand its suite of digital travel offerings and strengthen its strategic partnerships with suppliers and local agencies.

The company’s flagship platform, tuniu.com, provides a broad array of travel products and services, including packaged group tours, customized private tours, independent travel solutions, corporate travel management, hotel and resort bookings, air ticketing, cruise vacations and car rentals.